Author Topic: FIRE on autopilot - so what to do with unexpected windfall? MMM "storefront"?  (Read 1372 times)

Moustachienne

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MMM's latest post about his storefront/clubhouse (and hints about annual charity disbursements coming soon) is timed perfectly with some unexpected news for DH and I.  Some background and then the questions!

We are just retired with a paid off house and assets (plus CPP/OAS in a few years) that will generate $65K a year in income.  We are Canadians with very manageable costs for extended health benefits (prescriptions/dental) and no other health costs.  So far so luxe by MMM standards!  And we're excited about living within this very comfortable but not outrageous range. We enjoy optimizing and conscious spending and could do much more on that front.

We've just realized that we may be inheriting a much larger sum than expected in a few years, something we've never counted on or factored in to our plans.  So...a windfall.

If/when this happens, I'm hoping to take the MMM route, i.e. not inflate our regular lifestyle with consumption but rather invest in activities, people, causes that are meaningful to us.

If you're in a similar situation with unexpected income/assets far over your actual wants/needs, how have you handled it?  What have you done with the "extra"?  How have you resisted lifestyle creep?


 

Wow, a phone plan for fifteen bucks!